Stock of The Day: Cencosud SA Stock Price Hits 52-Week High Today

Stock of The Day: Cencosud SA Stock Price Hits 52 Week High Today

The stock of Cencosud SA (NYSE:CNCO) hit a new 52-week high and has $13.78 target or 45.00% above today’s $9.50 share price. The 6 months bullish chart indicates low risk for the $8.80B company. The 1-year high was reported on Oct, 19 by If the $13.78 price target is reached, the company will be worth $3.96 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 131,375 shares traded hands or 31.96% up from the average. Cencosud SA (NYSE:CNCO) has risen 27.26% since March 16, 2016 and is uptrending. It has outperformed by 21.72% the S&P500.

Cencosud SA (NYSE:CNCO) Ratings Coverage

Out of 3 analysts covering Cencosud (NYSE:CNCO), 0 rate it a “Buy”, 2 “Sell”, while 1 “Hold”. This means 0 are positive. Cencosud has been the topic of 3 analyst reports since June 6, 2016 according to StockzIntelligence Inc. The stock of Cencosud SA (NYSE:CNCO) has “Neutral” rating given on Friday, May 6 by Citigroup. The stock has “Sell” rating given by Goldman Sachs on Monday, June 6. The stock has “Underperform” rating given by Bank of America on Saturday, August 27.

According to Zacks Investment Research, “Cencosud SA operates as a retail conglomerate in Latin America with operations in Argentina, Brazil, Chile and Peru. It operates supermarkets, home centers, department stores, shopping malls, family entertainment centers and travel agency. The company’s stores offer construction, remodeling, equipping, and decoration equipment for home and garden and construction finishing products. Cencosud SA is headquartered in Chile.”

More recent Cencosud SA (NYSE:CNCO) news were published by: which released: “Cencosud S.A. Announces Filing of its Annual Report Form 20-F for 2014” on May 01, 2015. Also published the news titled: “BRIEF-Cencosud SA files to say selling shareholder may offer 142.1 mln sha…” on July 11, 2016.‘s news article titled: “Scotiabank Acquires 51% of Cencosud SA’s Financial Services Business in Chile …” with publication date: June 20, 2014 was also an interesting one.

CNCO Company Profile

Cencosud S.A., incorporated on December 28, 1978, is a multi-brand retailer in South America. The Firm operates through six divisions: supermarkets, home improvement stores, department stores, shopping centers, financial services and Other. It is also engaged in the commercial real estate development business in Chile, Argentina, Colombia and Peru, with over 50 shopping malls representing approximately 794,590 square meters of gross leasable area (GLA). The Firm offers private label credit cards, consumer loans and limited financial services to its retail customers. Additionally, the Company operates other lines of business that complement the main retail operations, such as insurance brokerage, travel agency, customer loyalty services and family entertainment centers. The Firm has approximately 1,180 stores and shopping centers with an aggregate of approximately 4,416,700 square meters of selling space.

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